Illinois Statutes
§ 1E-50
Illinois·Topic EDUCATION·Ch. 105 SCHOOLS·Act 105 ILCS 5/ School Code.·Art. Article 1E - Downstate School Finance Authority
(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-50. Deposits and investments.
(a)The Authority shall have the power to establish checking and whatever other banking accounts it may deem appropriate for conducting its affairs.
(b)Subject to the provisions of any contract with or for the benefit of the holders of its obligations, the Authority may invest any funds not required for immediate use or disbursement, as provided in the Public Funds Investment Act.
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Related
§ 5/1E-165
Illinois 105 § 5/1E-165
Legislative History
(Source: P.A. 92-547, eff. 6-13-02 .)